Marginal revenue is equal to:
A. the change in total revenue from selling one more unit of a good.
B. the number of units sold times the price of the good.
C. the change in average revenue from selling one more unit of a good.
D. All of these.
Answer: A
You might also like to view...
Considering the market for loanable funds as depicted in the given graph, a change that increased the quantity people want to save at any given interest rate would cause a new equilibrium at a:
A. lower interest rate and a higher equilibrium quantity of funds saved and invested.
B. higher interest rate and a higher equilibrium quantity of funds saved and invested.
C. lower interest rate and a lower equilibrium quantity of funds saved and invested.
D. higher interest rate and a lower equilibrium quantity of funds saved and invested.
The idea that less government regulation will lower the cost of production, increase profit, and raise the level of production so that, in the end, real GDP will increase is held by the
a. classical school b. Keynesian school c. rational expectations school d. school of supply-side economics e. neo-Keynesian school
Real GDP is the same as
A. M. B. V. C. P. D. Q.
Actions by the Federal government that decrease the progressivity of the tax system:
A. Decrease the amount of government spending B. Increase the effect of automatic stabilizers C. Decrease the effect of automatic stabilizers D. Increase the multiplier effect